Adventist Health SystemWest (EIN 953484589) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Kerry Heinrich

Phone

9164060000

Tax Period

2023-01-01 to 2023-12-31

Adventist Health SystemWest, founded in 1980, is a major nonprofit in the Health Care sector that reported $924.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Living God's love by inspiring health, wholeness and hope.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $170,500,603

Program Service Revenue $596,912,945

Investment Income $78,310,806

Other Revenue $78,803,935

TOTAL REVENUE $924,528,289

Expense Breakdown

Grants Paid $1,989,125

Salaries & Benefits $349,916,939

Fundraising Expenses $1,359,225

Program Expenses $304,065,202

Other Expenses $584,411,616

TOTAL EXPENSES $936,317,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$924,528,289	$805,066,340	+0.1%
Expenses	$936,317,680	$990,719,425	-0.1%
Net Income	$-11,789,391	$-185,653,085	-0.9%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

5191

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$8,534,743

Total Directors

$3,610,661

Key Employees

$21,890,728

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Director/CEO	50.00	Officer Director	$3,302,428	$57,395	$3,359,823
Hofheins Todd	COO/Assistant Secretary	50.00	Officer	$2,272,592	$76,141	$2,348,733
Beaman John	Chief Financial Officer	50.00	Officer	$1,680,553	$73,355	$1,753,908
Stevens Eric - President	Northern CA/HI State Network	0.00	Key Emp	$1,526,293	$59,552	$1,585,845
Jahn Andrew	President, Southern CA Network	0.00	Key Emp	$1,465,906	$103,785	$1,569,691
Nahapetian Arby	Chief Clinical Officer	30.00	Key Emp	$1,482,294	$69,613	$1,551,907
Wells Jason - Chief Strat Off	thru 05/23/Pres Central CA Network	0.00	Key Emp	$1,470,582	$37,177	$1,507,759
Wing Bill - Former	Dir/Vice Chair/Asst Secr thru 01/22	0.00		$1,438,460	$40,073	$1,478,533
Day Teresa	Corporate Administration	50.00	Key Emp	$1,212,715	$69,816	$1,282,531
Kofl Andrea - President	Central Valley Network thru 12/23	0.00	Key Emp	$1,173,342	$71,074	$1,244,416
Newmyer Joyce - Chief People	Officer/Pres, OR State Network	20.00	Key Emp	$1,107,614	$62,222	$1,169,836
Seibold Brandon - Finance	Strategy Growth and Dev Executive	50.00	Key Emp	$1,074,968	$60,415	$1,135,383
Raffoul John	President, AHWM	0.00	Key Emp	$996,414	$60,415	$1,056,829
Jobe Meredith	Secretary	50.00	Officer	$959,488	$59,410	$1,018,898
Wolcott Daniel - Pres Kern	County Network/Pres, AHBD thru 01/23	0.00	Key Emp	$952,733	$65,709	$1,018,442
Whetstine Tyler - Former	Chief Information Officer thru 08/22	0.00		$945,451	$40,260	$985,711
Issai Alice	President, AHGL	0.00	Key Emp	$952,237	$33,231	$985,468
Liebowitz Jacalyn	System Chief Nursing Officer	50.00	Key Emp	$847,685	$76,439	$924,124
Champlin Christopher	President, AHRO	0.00	Key Emp	$854,712	$52,508	$907,220
Stemmler Jennifer	Chief Information Officer	50.00	Key Emp	$853,646	$46,742	$900,388
Larsen David	Senior Finance Officer thru 04/23	50.00	Key Emp	$805,493	$58,193	$863,686
Takahashi Patrick	System Chief Medical Officer, AHWM	0.00	Key Emp	$823,232	$36,106	$859,338
Burke James	System Chief Medical Officer, PNMG	0.00	Key Emp	$791,165	$55,190	$846,355
Howe Judson - President	North Coast Network thru 03/23	0.00	Key Emp	$808,895	$28,997	$837,892
Rippey Wesley	Area Medical Officer, AHPL	0.00	Key Emp	$755,844	$73,012	$828,856
Welch Donald	Corporate Finance Officer	50.00	Key Emp	$773,750	$41,012	$814,762
Herber Steven	President, AHSH	0.00	Highest	$737,596	$54,766	$792,362
Kaur Gurvinder - Chief	Medical Officer, Central CA Network	0.00	Highest	$715,637	$70,177	$785,814
Fuentes Michelle	President, AHSR	0.00	Highest	$725,699	$60,022	$785,721
Jamaleddine Ghassan	Medical Officer, AHBD	0.00	Highest	$713,217	$70,008	$783,225
Swenson Jennifer	President, AHSV	0.00	Highest	$728,760	$34,471	$763,231
Hilmes George - Former Exec	Special Projects thru 09/22	0.00		$668,063	$45,724	$713,787
Beehler Robert - Former	Mkt Dev, M&A Exec thru 12/21	0.00		$452,079	$82,945	$535,024
Byrnes John - Former Health	Div Chief Medical Off thru 03/22	0.00		$263,659	$34,955	$298,614
Bancarz Gloria - Former	System Chief Quality Off thru 06/21	0.00		$138,192	$8,484	$146,676
Freedman John	Dir/Chair	4.00	Officer Director	$26,770	$0	$26,770
Cherry Robert	Director	4.00	Director	$26,611	$0	$26,611
Davis Andrew	Director	4.00	Director	$26,611	$0	$26,611
Innocent Larry	Director	4.00	Director	$26,611	$0	$26,611
Newton Bradford	Dir/Vice Chair	4.00	Officer Director	$26,611	$0	$26,611
Reiner Richard	Director	4.00	Director	$26,611	$0	$26,611
Salazar Velino	Director	4.00	Director	$26,611	$0	$26,611
Banks David	Director	4.00	Director	$26,181	$0	$26,181
Woodson Marc	Director	4.00	Director	$21,611	$0	$21,611
Wagner Jack	Director	4.00	Director	$16,180	$0	$16,180
Fehr Joy	Director	4.00	Director	$430	$0	$430
Ocampo Lucy	Director thru 08/23	4.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$924,528,289	$936,317,680	$3,556,726,200	$-11,789,391
2022	$805,066,340	$990,719,425	$3,164,459,975	$-185,653,085
2021	$789,421,387	$908,515,853	$3,327,906,475	$-119,094,466
2020	$658,435,900	$740,073,158	$3,118,796,040	$-81,637,258
2019	$374,908,711	$524,013,388	$2,329,560,827	$-149,104,677
2018	$284,744,152	$375,620,518	$1,914,161,010	$-90,876,366
2017	$305,493,173	$372,143,762	$2,097,917,902	$-66,650,589

Adventist Health SystemWest